
CTA Forecasts $8 Billion in Capital Needs
CHICAGO – An $8 billion capital investment is needed in the next five years in order to allow the CTA to continue to provide safe and reliable service and meet growing transit need, CTA’s vice-president of capital programs said. The announcement came after an Aug. 9 Chicago Transit Board meeting. Including all planned rail line extensions would increase the figure to more than $10 billion. Of the projected $8 billion need, CTA staff has identified about $2.2 billion that could be available through federal funding or CTA-issued bonds, leaving a potential unfunded need at $5.8 billion. A decision on an